Comment Comment by soVeryTired Do you really believe in the comparative advantage argument though? Surely it’s only true if comparative advantage is fixed over time.And surely in order to leverage comparative advantage, an economy would need to know how good they would be at producing every possible good.There are good reasons to trade, but comparative advantage doesn’t feel like the correct theoretical underpinning to me. parent soVeryTired 1 year ago
And surely in order to leverage comparative advantage, an economy would need to know how good they would be at producing every possible good.
There are good reasons to trade, but comparative advantage doesn’t feel like the correct theoretical underpinning to me.